MAT > For advisers > Innovation Grants > Current projects

Current projects

Innovation Grants image 300 206.pngThe Money Advice Trust has recently announced​ details of the three projects that have been successful in applying to its Innovation Grants programme and will be supported by the organisation over 2017/18.

 
The programme funds innovative advice projects to improve the quality and range of money and debt advice across the UK. The successful projects are:
 
2017/18 projects

 
Easy Money will work with people who have mild learning disability (PWLD) and/or Autistic Spectrum Disorder (ASD) and aims to help tackle their debts and improve their financial health in the long term.

The project will develop and deliver a financial literacy workshop programme, with Easy Read resources.  Clients will be fully involved in developing the project materials and informing workshop content.

The project will be based around an eight-week workshop series which will be repeated to run four times in total. Alongside the workshops, there will be regular 1-2-1 support, from Mencap Liverpool staff, to enable individuals to discuss what they’ve learnt, in a confidential environment.

Once tested and evaluated, workshop materials can then be used (individually or as a package), by staff in charities across the UK, to provide more effective debt and/or money advice to a range of hard-to-reach people.


 
 
The project will test and develop the effective and efficient delivery of Money Advice via use of WhatsApp, as a platform for:
  • a 24/7 digital access channel;
  • a follow-up channel for advice and casework; and 
  • a ‘keeping in touch’ system to help clients stay on track and keep in contact at their convenience.  
Beneficiaries of the Project will be young people who do not engage with traditional telephone / advice channels.

As a benefit to the wider sector, a guide for delivering money advice via WhatsApp will be developed.

 
 
The project will create, test and further develop training courses and materials which can be used to build the financial health of adults living in central London who have English as a Second Language (ESOL). All of these materials will be made freely available to other advice centres and community organisations to help them work effectively with this client group.

As a result, ESOL clients will become more engaged with money advice and their financial skills will improve as a result.

Organisations supporting ESOL clients and other hard-to-reach clients will have access to quality materials developed through the project.
Projects from 2016/17​

Starting Point – Wallet Watchers Online (also funded in the 2015/16 cycle)​

Wallet watchers online is a project aimed at getting the best out of young people and empowering them to help others in similar situations to them. This project will support young people who are traditionally disengaged with learning to create their own training documentation and support their peers with financial concerns. It will also create a legacy of engaging training tools for other organisations to use to help them engage with young people learning in referral units.
 

Get In Quick aims to ensure that families with young children get the money advice and support they need to ensure financial stability as early as possible. This project  places a money adviser within midwives / health visitors, and social services assessment teams,who will identify and support young families in need of money advice. They will also create training and tools to help health and social care teams identify financial difficulties and ensure those in need get appropriate advice and support. 
 
Hyde Plus - Part of the Hyde Housing Group - BE Secure (also funded in the 2015/16 cycle)

BE secure adopts the principles of Behavioural Economics to ‘nudge’ tenants to engage more meaningfully in the advice process, and aims to reduce repossessions. The project's interventions are being tested by a partnership of 4 housing associations across the country and is being independently evaluated by the Behavioural Insights Team using randomised control trials.
 

Behaviour Change, with input from MAT and partner housing associations (including  Hyde Housing) will design and produce client focused tools which aim to enhance the engagement and advice process. Nudging by Design will also produce a toolkit summarising the learning from the project and allow other organisations to incorporate the principles of behaviour economics into their work.
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The Innovation Grants 
programme is supported by    
 
   
 

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